Effect of The Great Recession on US Economy

Unemployment in the US.

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Unemployment in the United State.

The plot population by state describes the average popution of different state in the three phases of recession and there was a minor decline in population during the recession period.

Years under Analysis

22

Pre-recession

612

Recession

102

Recovery

408

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Population by State

Average Unemployment in Major States in the US

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Unemployment in different years

Unemployment by State

GDP in the US.

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GDP in the United State

The chat “Average GDP across Years” the average GDP in the United State from 1997 to 2018. There has increace in GDP from 1997 to 2008 after which there was a decline in GDP compared to previoius years. This decline was maintained until there was an increament in 2009.

GDP in the United State

The map represent the GDP in different States of the United State. The State with the highest GDP is California followed by New York

Average GDP across Major States

The chart shows the GDP trend of the four major states under study. Majority of these trend lines shows a minor decline between 2007 to 2009 with time varying across States.

Years under Analysis

22

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Average GDP across years.

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Total GDP

House Price Index in the US.

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Average HPI of Major States over a period of time.

The period of house price index decline in all four states varies and they came out of this sudden decline at different times as indicated in the chart below.

Distribution of House Price Index Across the three phases of Recession

The distribution of HPI in the three phasses of recession shows that there were more higher HPIs before the recession. Majority falling in the range of 200 to 350.

Relationship between Population and HPI in Florida and North Carolina

There is a positive relationship between the house peice index and it reaches both a peak and trough at some value of population in both States

Years under Analysis

22

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Average HPI of Major States over a period of time.

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Distribution of House Price Index Across the three phases of Recession

Relationship between Population and HPI in Florida and North Carolina